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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Switzerland: Oil trader sentenced for Africa bribes

A former Geneva-based oil trader was given an 18-month suspended sentence for bribing officials in Africa in exchange for oil shipments.
 
Pascal Collard, a Belgian with Swiss residence, admitted bribing officials in the Congo and Ivory Coast.… Continue Reading

Job: Manager Global Compliance Operations

Job Title: Manager Global Compliance Operations

Employer: Arthrex, Inc.

Location: Naples, Florida USA

Description: The Compliance Operations, Manager will support the development and implementation of all global compliance program elements. Specifically, this position is accountable for supporting the Risk Management & Compliance function with an emphasis on policy and procedure management, training and communications, third party due diligence and overall functional organization.… Continue Reading

When do issuers disclose their FCPA problems?

During the first half of 2018, seven issuers resolved FCPA offenses with the the DOJ or SEC or both. When did the companies first learn about their potential FCPA offenses, (according to their own disclosures), when did they first disclose the potential offenses, and when did they finally resolve the offenses with the feds?… Continue Reading

Mona Caroline Chammas: Leniency programs proliferate. For better or worse?

Leniency programs (a.k.a. amnesty programs and deferred prosecution agreements) have so far proven the most successful and effective enforcement strategy tool, leading to its widespread adoption worldwide.

At the same time, the business community and competition authorities increasingly face a number of critical challenges to ensuring the continued incentivization and effectiveness of leniency programs.… Continue Reading

SEC completes Legg Mason FCPA enforcement action

The Securities and Exchange Commission issued an administrative order Monday that completed the feds’ earlier $64 million FCPA enforcement action against investment manager Legg Mason Inc.

On June 4, Maryland-based Legg Mason entered into a non-prosecution agreement with the DOJ to resolve FCPA violations in Libya.… Continue Reading

Second Circuit affirms most of Hoskins dismissal

A federal appeals court ruled Friday that a non-resident foreign national cannot be charged with conspiracy to violate the Foreign Corrupt Practices Act or with aiding and abetting a violation of the FCPA, unless the government can show that he acted as an agent of a “domestic concern” or while physically present in the United States.… Continue Reading

Barbados insurance company receives declination with disgorgement

The Insurance Corporation of Barbados Limited (ICBL) received a declination with disgorgement from the DOJ Thursday for FCPA offenses related to bribing a Barbadian official.

Under the terms of the declination pursuant to the DOJ’s Corporate Enforcement Policy, ICBL paid the DOJ about $93,900 in disgorged profits.… Continue Reading